Trump no longer Mr Nice Guy for Elon Musk! The war of words that blew $150 billion off Tesla's worth

  • Posted on June 6, 2025
  • By Business News Today
  • 3 Views
Trump no longer Mr Nice Guy for Elon Musk! The war of words that blew $150 billion off Tesla's worth

A public spat between Elon Musk and Donald Trump has triggered Teslas biggest single-day loss, slashing over $150 billion in market value. Investors, once confident that political ties would buoy Teslas prospects, pulled out sharply after Trump threatened to axe federal contracts tied to Musks ventures. As accusations flew between the two powerful figures, shares fell 14%, marking Teslas worst trading session to date. The fallout also raised concerns over Musks autonomous vehicle ambitions and the future of SpaceXs government-backed space missions.
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